All Forum Posts by: Don Carey

Hey BP So im running the numbers on a 74 unit building. It's very difficult to put an accurate valuation on the property due to a negative NOI. Property has been grossly mismanaged and currently sits at 34% vacancy.

Any suggestions on how to go about putting a valuation on this property?

@Patti Robertson

@Patti Robertson

@Patti Robertson

Whats good BP? 

So I've decided to try and get a list of multifamily owners from listource.com. And maybe im just not the sharpest tool in the shed, but this trash is harder than i thought it would be. 

Help...

25k price tag, didn't feel comfortable with the coach I was speaking to. felt like i was talking to a salesperson or telemarketer instead of a real estate investor potential mentor. 

thanks for your input

The proforma rents are as is. And there are two vacant units. If i rented those two units out without any rehab the property would cash flow 1400. If I rehab the properties. To where I think they can be. We are looking at 3k cash flow. 

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Hey BP. I could really use another set of eyes on this report. Its a 2 property deal consisting of 14 total units. Rents are far below market value. I think it will take 5k per door to bring property from a C class to a B class and command a strong rent. 

Interested to hear your remarks.

@Mark Ainley I'ver never heard of NARPM. Will check them out. Thanks

@Nathan Gesner I will inbox you. 

@Matthew Olszak That great advice. I don't mind paying a broker for the information. I just want to set in place a system that allows our company to grow and do real estate the right way!

@Vern M. that’s exactly that I’m looking for here! 

@James Galla By Due Diligence, I mean assisting with inspecting a potential property during the acquisition process.